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Evolution Gaming Group Un will release figures for the most recent quarter on July 21. If we suppose a 25% annual improve in FCF, the current P/FCF of under 40x appears reasonable. We also notice that P/FCF has been trending down for the past couple of years and some other value multiples (see beneath) are lower or close to their respective three-year averages. With far more than 20% of the shares owned by individual insiders (see under), the shareholder interests are aligned in my opinion. Martin Carlesund has been Group CEO of Evolution Gaming considering that November 2016. Just before taking the existing role, Mr. Carlesund served as President and CEO of Evolution Malta.

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